Hilti acquires Oglaend System Group to expand offshore business

Hilti Group has agreed to acquire Norwegian Oglaend System Group, a manufacturer of cable management solutions for the offshore industry. The purchase price is undisclosed and the transaction is subject to antitrust approval. Oglaend System employs about 400 people and will continue to operate from Klepp, Norway.

“Hilti Group is extending its business in the oil, gas and wind offshore markets with the acquisition of Norwegian Oglaend System Group.”oglaend-system.com

• 2 sources
• oglaend-system.comHilti acquires Oglaend System Group - Øglænd system18.09.2020Jun 6, 2017
• oglaend-system.noHilti acquires Oglaend System Group - Øglænd system18.09.2020Jun 6, 2017

Summarized from public sources; check the original articles before acting on it.